Form 4: LyondellBasell Director Aigrain Jacques Reports Share Disposal for Tax Obligations
SEC Form 4
Director Aigrain Jacques of LyondellBasell Industries N.V. reports the disposal of shares to cover tax withholding obligations following the vesting of restricted stock units.
Summary
- On May 18, 2024, LyondellBasell Industries N.V. Director Jacques Aigrain disposed of 298 Class A Ordinary Shares.
- The shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of 3,556 restricted stock units.
- The transaction was executed at a price of $100.91 per share.
- Following the transaction, Aigrain directly owns 25,225 Class A Ordinary Shares.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral in sentiment. The director still holds a significant amount of shares.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/18/2024 | Restricted stock units vested and shares were disposed of to cover tax obligations. |
| 05/21/2024 | Date of signature for the Form 4 filing. |
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